Can I get a loan based on my credit score only?


Yes, you can. If you have marred credit (less than 620) you are in need of a subprime loan and those loans are based almost solely on your credit score.

If you are not in need of a subprime loan, you should get a reduced documentation loan. Probably, a no doc loan will suit you best.

Often customers willing to take a loan without documentation hassle would apply for a no doc loan; your credit score will be the only thing you may need to show to the lender.

Bear in mind, a lender will often charge you higher rates for a no doc loan. However, such a loan will be very convenient. You don't need to order a credit report in order to obtain your credit score.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
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